It is embarrassing to write about Central European Media Enterprises (CETV) given that I have owned it for Northlake clients and bought more and spoke positively about it all the way down, but I am not one to hide my screw-ups. This column is a bit long, but I owe clients and readers a detailed […]
Yesterday, late in the day upon returning from a tech conference my RealMoney.com colleague Bob Faulkner wrote, ” Now the bear in me will say they just haven’t seen it yet but, who knows?” in relation to solar demand at MEMC Electronics. I’ve got a longer column coming up today facing up to the pain […]
After sharp sell-off earlier this week, Dreamworks Animation shares reversed hard yesterday and are up again today even as the market trades to its daily lows. I got long DWA recently because of my confidence that (1) Madagascar 2 will exceed analyst estimates for domestic box office, and (2) Kung Fu Panda DVD sales will […]
The weak action yesterday in Dreamworks Animation (DWA) following the better than expected opening of Madagascar 2: Escape 2 Africa led me to buy DWA shares again for a trade. I am looking to for a move north of $30 assuming the film continues to track toward greater than $200 million domestically. The prior trade […]
The expected surge in the fourth quarter box office is back on track after an interruption for Halloween falling on a Friday night. Madagascar 2 brought in a better than expected $63 million and Role Models surprised with $19 million to push the weekend box office up 32% from a year ago for the top […]
NII Holdings reported about ten days ago while I was on a plane to NY to visit CETV. The report occurred right as the market was in its most depressed state which was unfortunate as the results were quite good. As soon as I got off the plane I looked at my email to see […]
Time Warner reported solid 3Q08 results given the economic environment. The stock is reacting positively against a weak market to start the day. The good news is that (1) Turner Networks continue to provide upper single digit growth, (2) Time Warner Cable is showing expected resiliency given the utility like nature of its business, and […]
There are no changes to Northlake’s Market Cap and Style models for November. The signals continue to be small cap and value. As a result of the update clients continue to own the Russell 2000 (IWM) and the Russell 1000 Value (IWD) to reflect the latest signals. As a reminder, these are monthly models designed […]
This excerpt from the Wall Street Journal is interesting as it pertains to CETV: “But it’s not just tough conditions that explain the slack sales of L’Oreal’s cosmetics and its profit warning. That performance contrasts with robust sales and outlooks at Colgate-Palmolive and Unilever, more diverse rivals selling cheaper personal-care products. L’Oreal may have simply […]
Over the past eight days, CETV held its annual analyst meeting and reported its 3Q08 results. These events seem to have halted the punishing decline in the shares which fell from the upper $60s at the end of September to a low of $18 this past Tuesday. As f this writing the stock has rebounded […]
